Bitcoin (BTC) Price Could Explode Soon: $4000 Holds The Key

Bitcoin price is consolidating above the $3,900 support and below $4,000 resistance. BTC/USD could start a solid upward move if it clears the $3,970 and $4,000 resistances. BTC price declined recently and tested the $3,900 support level. There is a key contracting triangle in place with resistance at $3,960 on the 30-minute chart.